Affordable Housing
Dominium to Upgrade Recently Acquired Affordable Housing Community
Minneapolis-based affordable housing development and management company Dominium has announced that it has acquired a 172-unit community in Saint Paul, Minn.
Connecticut Awards $27M in Redevelopment Funds, Some for Multifamily
The state of Connecticut, through its Department of Economic and Community Development, has awarded $27 million in grants and loans for 20 brownfield remediation and redevelopment projects throughout the state.
TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle
Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.
Work Begins on Affordable Housing Near Albany
Ground has broken on Lion Heart Residences, a 72-unit affordable housing project in Cohoes, a town in Albany County, N.Y.
Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT
Perkins Coie has announced that it has closed a $125 million U.S. Treasury guaranteed bond issue for Minneapolis-based Community Reinvestment Fund and Community Development Trust. The bond, one of three issued, will help provide low-cost capital to invest in affordable housing loans.
Kaweah Management Company and The Pacific Companies Develop 47-Unit Affordable Housing Community in Central California
Kaweah Management Company and The Pacific Companies has developed The Aspens, a 47-unit affordable housing community in the Central California town of Tulare, made possible thanks to a $6.4 million low-income housing tax credit equity by WNC.
Operating Expenses Both Up, Down for Federally Subsidized Housing, Says IREM Study
According to a recent study published by IREM, operating expenses in 2013 compared with 2012 for various kinds of federally subsidized housing decreased in the case of some kinds of properties, but increased for others.
The Michaels Organization Educational Foundation Honors Scholarship Recipients
The Michaels Organization Educational Foundation recently held a ceremony at Delgado Community College in New Orleans to honor six residents of The Estates community that have been awarded college scholarships from the foundation.
WNC Provides Financing for Baton Rouge Renovation
Renovation is complete at Renaissance Gateway, a 208-unit affordable apartment community in Baton Rouge.
Affordability Extended at The JBG Companies’ Falkland Chase
An agreement has been struck to extend the term of 90 rental assistance units at the Falkland Chase Apartments in Silver Spring, Md. The JBG Companies and Montgomery County’s Department of Housing and Community Affairs (DHCA) are the parties entered into the agreement.